How Management Reforms Influence on the Financial Improvement of Private University
Under the stagnant enrollment and economic recession, many private universities introduced the strategic management more recently. The purpose of this paper is to figure out how the strategic management influence on the financial improvement of Japanese private universities. To do so, I conducted a questionnaire survey about the financial management of private universities in Japan.
The main findings were as follows. (1) To share aims and policies within institution have an effect on securing student enrollment and good controls on spending. (2) The long and medium-term vision and strategy, the operationalized annual plan and the setting of performance indicator have a positive impact on share aims and policies within the campus. (3) In the small institutions, the long and medium-term vision and strategy have no impact on financial improvement. That is, the effective way to share policies within intuitions varies by institutions' size.